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Holiday trading

  • #1
  • First Post: Dec 6, 2005 11:46am Dec 6, 2005 11:46am
Should we still trade after Dec 15th during the US session? I heard in the other forex forum that the european bankers are taking vacation from Dec 15 to Jan 15.
  • #2
  • Dec 7, 2005 3:52pm Dec 7, 2005 3:52pm
mvitachi,

Pull up a daily chart. Put on ATR(14) and scroll back through time. Last year, the last 2 weeks of December were some of the most plentiful and volatile of the entire period. Years prior to that, not so much. In the spirit of full disclosure....I am not a european banker!

Phil
  • #3
  • Dec 7, 2005 5:11pm Dec 7, 2005 5:11pm
Quoting mvitachi
Should we still trade after Dec 15th during the US session? I heard in the other forex forum that the european bankers are taking vacation from Dec 15 to Jan 15.
I wound't stop trading for that long. try stop trading 2 days before chrismas and start back 2 days after, same with the new year.
If I Go Broke Trying Then I Will die happy.
  • #4
  • Dec 8, 2005 8:51am Dec 8, 2005 8:51am
Holiday trading equals to low volume, which equals to range-bound and erratic charts and, as a by-product, out-of-the-blue nasty spikes.

Moral: stay out of the market during Christmas and August.
  • #5
  • Last Post: Sep 28, 2014 9:05am Sep 28, 2014 9:05am
its a very big misc conception that during august period the market doesn't move , well august 2014 the eurousd had a 400 pip fall. well if you were off the market you missed allot.August 2013 the same currency had a 450 pip rally.Price and trend doesnot respect any holidays or summer vacations. thats why the forex market is very nice to trade.it respects nothing but price
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